Business & Economy - Page 9

A financial performance analysis released on Tuesday, September 22, 2026, reveals that 22 prominent companies listed on the Nigerian Exchange Limited (NGX) accumulated a combined corporate debt profile of ₦21.3 trillion as of the second quarter (Q2) of 2026. ​ The corporate

An economist, Dr Nathaniel Oladunjoye, says the Dangote Group’s Initial Public Offering (IPO) will deepen participation in Nigeria’s capital market and encourage more companies to offer shares. Oladunjoye, Senior Lecturer, Department of Economics, Obafemi Awolowo University, Ile-Ife, said this in an interview

Afreximbank and the Africa Trading and Distribution Company (ATDC) have signed a 500 million dollar Global Credit Facility to support trade, movement and distribution of commodities across African and global markets. This is contained in a statement issued by Vincent Musumba, Communications

​Nigeria’s cash-based social safety net interventions reached 67.19 million individuals and 10.44 million households as of August 2026, surpassing its initial target ahead of schedule, according to the latest report released by the World Bank. ​The details were contained in the World

The Nigerian Naira maintained its stability against the United States Dollar on Monday, September 21, 2026, trading at ₦1,330.84 to $1 during morning transactions. ​The rate reflects relative calm in the official foreign exchange window following recent liquidity injections and policy measures

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says fuel pump prices are determined by market forces and not fixed by the regulator under the Petroleum Industry Act (PIA) 2021. The NMDPRA management made this known in a statement on Saturday,

By Agbafo Ijeoma The Federal Government, state governments and Local Government Councils shared N2.338 trillion in revenue for August 2026, the Federation Account Allocation Committee (FAAC) has disclosed. The figure was contained in a communiqué from the committee’s September meeting held in

Egypt’s trade with BRICS countries rose by 25.5 per cent to 36.7 billion dollars in the first half of 2026, compared with 29.3 billion dollars recorded during the same period in 2025. The figures were contained in data released by Egypt’s Central